Free Nikkei 500 Pharmaceuticals (NG08.OS) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Neutral Sell Sell
Last Update / Period
02 Nov / Daily
Category/Currency
Indexes/JPY
Exchange/Country
OSA/--

Nikkei 500 Pharmaceuticals (NG08.OS) signal with technical analysis on 02 Nov

On 02 Nov, we conducted a comprehensive technical analysis of Nikkei 500 Pharmaceuticals (NG08.OS), considering 256 signals with intricate details. Here are the key findings: 49 signals suggested buy strategies, while 113 indicated sell strategies. The remaining 94 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 14
Sell Signals: 28
Neutral Signals: 22
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 15
Sell Signals: 24
Neutral Signals: 25
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 11
Sell Signals: 29
Neutral Signals: 24
Result: This strategy leads to a Sell position.

Strategy 4:
Buy Signals: 9
Sell Signals: 32
Neutral Signals: 23
Result: This strategy leads to a Sell position.

Overall Strategy:
Buy Signals: 49
Sell Signals: 113
Neutral Signals: 94
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Nikkei 500 Pharmaceuticals (NG08.OS) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Nikkei 500 Pharmaceuticals (NG08.OS) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Nikkei 500 Pharmaceuticals (NG08.OS) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
Nikkei 500 Pharmaceuticals (NG08.OS) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 6.15% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **Nikkei 500 Pharmaceuticals (NG08.OS)** investments.

Nikkei 500 Pharmaceuticals (NG08.OS) Price Analysis and Support Levels:

In our current Nikkei 500 Pharmaceuticals (NG08.OS) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 8600.57
We are closely monitoring the price at 8600.57, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 8227.17
If the first support level is broken, the second support level at 8227.17 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 7641.13
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 7641.13 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading Nikkei 500 Pharmaceuticals (NG08.OS). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

Nikkei 500 Pharmaceuticals (NG08.OS) technical analysis chart

Nikkei 500 Pharmaceuticals (NG08.OS) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 8963.37 9026.1 9159.78 -- --
Support 8600.57 8227.17 7641.13 7484.9 7353.24
 Nikkei 500 Pharmaceuticals (NG08.OS) Support and Resistance area (02 Nov)

Nikkei 500 Pharmaceuticals (NG08.OS) signals list for 02 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Nikkei 500 Pharmaceuticals (NG08.OS) candlestick patterns on 02 Nov

Today's Nikkei 500 Pharmaceuticals (NG08.OS) Candle Patterns List:

Nikkei 500 Pharmaceuticals (NG08.OS) technical analysis over the past days

# Date Overal Signals ALL Signals
1 01 Nov Sell SellNeutralSellSell
2 31 Oct Hold HoldHoldHoldHold
3 30 Oct Hold HoldHoldHoldHold
4 29 Oct Buy HoldHoldBuyHold
5 28 Oct Buy BuyBuyNeutralBuy
6 25 Oct Hold HoldHoldHoldHold
7 24 Oct Hold HoldHoldHoldHold
8 23 Oct Hold HoldHoldHoldHold
9 22 Oct Sell SellSellSellSell
10 21 Oct Hold NeutralNeutralHoldHold
11 18 Oct Buy NeutralHoldHoldHold
12 17 Oct Sell SellNeutralHoldHold
13 16 Oct Hold NeutralNeutralHoldHold
14 15 Oct Hold HoldHoldHoldHold
15 11 Oct Hold HoldHoldHoldHold
16 10 Oct Hold HoldHoldHoldHold
17 09 Oct Buy HoldHoldHoldBuy
18 08 Oct Hold HoldHoldHoldNeutral
19 07 Oct Hold HoldHoldHoldHold
20 04 Oct Hold HoldHoldHoldNeutral
21 03 Oct Buy BuyBuyBuyNeutral
22 02 Oct Hold HoldSellHoldHold
23 01 Oct Hold HoldNeutralHoldHold
24 30 Sep Sell SellSellSellHold
25 27 Sep Hold HoldHoldNeutralNeutral
26 26 Sep Buy HoldBuyNeutralNeutral
27 25 Sep Hold NeutralNeutralHoldHold
28 24 Sep Buy BuyHoldHoldHold
29 20 Sep Hold NeutralHoldHoldHold
30 19 Sep Hold NeutralHoldHoldHold

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